EY report :Insurance opportunities in the Middle East GCC VAT
• From outsourcing to “robosourcing”
• Technology revolution
• Cybersecurity
• Digital redraws traditional structures
• Dawn of a new world of reporting
• Data analytics
#Insurance #Bit_By_Bit #GCC #MENA
In increasingly competitive markets with price and margin pressures, some insurers are cutting costs to maintain their bottom line. Despite these efforts, short-term financial results in some markets are impacted by regulatory change and the need for better reserving — leading some local insurers to actively look at consolidation.
#EY report : Insurance opportunities in the Middle East
#Bit_By_Bit 3
#GCC #MENA
We expect economic activity in the region to revive, though at a slower rate than in the last decade. The industry has many opportunities to capitalize on the economic revival, particularly with large-scale government spending on infrastructure and mega projects. We expect the life and savings culture to develop, as states look for ways to reduce subsidies and large government-funded social security schemes.
#EY report : Insurance opportunities in the Middle East
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